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HEXO (HEXOTO) (HEXO) has announced a $ 235 million all-stock deal to acquire rival Canadian cannabis producer Zenabis (ZENA (TO), what the companies rank as “top three license producers” by Invoicing sales in the country’s leisure market

Ottawa-based HEXO said the deal will result in savings of approximately $ 20 million within a year of closing and give the company the opportunity to sell 111Producing 200 kilograms of additional cannabis supply through Zenabis’ greenhouses in Vancouver HEXO would also gain a foothold in the European medical cannabis market through a Zenabis partnership

“Zenabis has built solid relationships and they share HEXO’s vision to bring exceptional branded cannabis experiences to adults across Canada and abroad,” said Sebastien St-Louis, CEO and Co-Founder of HEXO, in a press release on Tuesday

Under the terms, Zenabis shareholders will receive 001772 one HEXO share for each Zenabis share. The transaction amounts to a 19 percent premium paid to Zenabis shareholders based on the 20-day volume-weighted average price of Zenabis Shares If completed, the combined company would be 8743 percent owned by HEXO shareholders and 12 percent 57 percent owned by Zenabis shareholders

The transaction is supported by both boards of the company, but requires regulatory approval and support from over 66 percent of Zenabis shareholders.A member of the Zenabis executive team is due to be appointed to the HEXO board of directors upon completion. The terms also include one Cancellation fee of $ 6 million in the event that Zenabis accepts a higher bid

“This is a compelling combination,” added Shai Altman, CEO of Zenabis, in Tuesday’s press release, “Adding to the strength of our brands and strains across Canada, coupled with our international presence and state-of-the-art, low-cost, high-quality growing facilities the business of HEXO and create an industry leader “

The deal also depends on Zenabis selling its Bevo Agro subsidiary, a company that produces vegetables in Langley, B.C. Tuesday’s announcement also noted that Zenabis is abstaining from arbitration in connection with a payment dispute with High Park, a subsidiary of Tilray (TLRY)

Zenabis has faced a number of challenges over the past few months In March it laid off around a quarter of its workforce and sold a Delta, BC. Production facility for well below original offer price In September, the company appointed its fourth chief executive officer in two years

In January, Zenabis announced it had had exclusive merger talks with “another major licensed cannabis producer.” After Calgary-based Sundial Growers (SNDL) purchased senior-backed notes from its subsidiary Zenabis Investments in late December, Zenabis described an attempt at Zenabis to force Sundial to take over ”

HEXO’s recent track record is mixed, the company was the first to introduce an inexpensive dried flower product set to compete directly with the illicit market in 2019, but analysts have questioned the long-term viability of the now popular discount strategy On the positive side, that the company has achieved success with its infused beverage joint venture with Molson Coors Canada (TAP-B) ZU) The beverage brand Truss claims to have taken over the leading market share position from Canopy Growth (WEED) TO) (CGC) in November

Unlike a reversal of the magnetic poles, this “deflection” occurs irregularly as a reaction to the dynamics of the molten outer core of the earth

CANBERRA, Australia – Google quickly negotiated lavish deals with Australian media companies large and small to pay for news as parliament is considering forcing digital giants into such agreements, a minister on Wednesday said Seven West Media was on Monday Australia’s largest news media company, which signed a contract with Google to pay for journalism, and its rival Nine Entertainment were reportedly on the verge of announcing its own agreement Treasurer Josh Frydenberg confirmed that state-owned Australian Broadcasting Corp. was also in negotiations and plans to spend any Google revenue on regional journalism. “Negotiations are ongoing with all players large and small,” Frydenberg told reporters. “This will help maintain journalism of public interest in this country for years,” Frydenberg said “None of these deals would happen” if the proposed legislation did not create what is known as a code of negotiation for the news media. Amended laws creating the code should be introduced in the House of Representatives on Wednesday The Code would set up an arbitration tribunal to set a mandatory price for news, if Google and Facebook haven’t been able to do business with media companies whose original journalism they link to “All I’ve heard from parties, both in the news media business and in relation to digital platforms, is that this is generous Business is, “said Frydenberg.” These are fair deals. These are good deals. These are good deals for Australian media companies, “he added. Google and Facebook, which together handle 81% of online advertising in Australia, have the code as non-working Google has threatened to make its search engine unavailable in Australia if the code were introduced Facebook said it could prevent Australians from sharing news if the platform were forced to pay for news Frydenberg said after weekend talks with Facebook CEO Mark Zuckerberg and Sundar Pichai, CEO of Alphabet Inc and its affiliate, Google, that he was convinced the platforms “wanted to make these commercial arrangements, Frydenberg denied giving Zuckerberg and Pichai cause by agreeing to change the legislation since their talks.” We kept the line, and they did held strong, “said Frydenberg.” And the digital giants have no doubt about the government’s determination “Google confirmed in a statement that it was” in talks with publishers large and small Facebook is also looking for news deals, Facebook said in a statement it had to “Nothing to be confirmed” at this point “Australian contracts with Google to be negotiated on Google’s own model, News Showcase. Since the launch of News Showcase in October, the company has signed collective agreements with more than 450 publications worldwide. Investment bank JPMorgan estimated that Seven West Media could get between 395 million australians he dollars ($ 30 6 million) and AU $ 69 2 million ($ 53 6 million) from its content deal with Google Google announced two weeks ago that it has started serving seven much smaller Australian websites Pay under News Showcase Prices not disclosed. Facebook has a similar product called Facebook News, but it is not available in Australia.Some media analysts are surprised that Australian media companies would make News Showcase deals if they made more money with mandatory arbitration after the Frydenberg suggested that Google’s threat to leave Australia had eased as “the pace of these negotiations has increased.” We tried to keep the key players in Australia, “Frydenberg said.” Google had been talking about leaving Australia We never wanted this to happen. You are an important part of time ters of the digital landscape Marcus Strom, president of the Media, Entertainment and Arts Alliance, Australia’s journalists’ union, said media companies have a moral obligation to invest the revenues from digital platforms in news gathering “All money from these deals must end up in the newsroom, not in the boardroom, “Strom said.” We will press for transparency on how these funds are being spent, “he added. Google has been pressured by other authorities to pay for news. Last month a contract was signed with a group of French publishers, which paved the way for the company to make payments using digital copyright law. Under the agreement, Google will negotiate individual license agreements with newspapers Payments are based on factors such as the daily published amount and monthly internet site traffic Rod McGuirk, The Associated Press

Rio Tinto announced today to the Australian Stock Exchange (ASX) the following changes to estimates of mineral resources and ore reserves:

Record challenger Luna Rossa and America’s Cup organizers disagree on how the regatta should go while Auckland remains under lock and key due to a small outbreak of COVID-19 in the community America’s Cup Events Ltd wants sailing will be postponed pending ban on spectator participation, Luna Rossa said it would be ready to race on Thursday even if a ban remains in place and oppose any delays that lead to it would that the America’s Cup Challenger Series race goes past the scheduled final day of February 24

Olympic Torch Relay Threat As Japan Begins Vaccination Roll-Out The Games are slated to start in July, but Shimane Prefecture says it could pull out of the prestigious Pre-Games event

LAS VEGAS – Nazem Kadri scored in the third half by 41 seconds and brought the Colorado Avalanche to a 3-2 win over the Vegas Golden Knights on Tuesday evening moments after Marc-Andre Fleury stopped Mikko Rantanen’s backhand with 45 3 Seconds, the Avalanche got the better end of a faceoff from the right circle and finally set up Kadri, who was able to lift a loose puck into the net for his second game winner of the season Nathan MacKinnon and Brandon Saad also scored a goal for the Avalanche Philip Grubauer stopped 27 Shots Max Pacioretty and Jonathan Marchessault scored for the Golden Knights Fleury made 22 saves The teams split the first two of four games over a nine-day stretch, with the third set to take place outdoors on Saturday in Lake Tahoe Despite the third loss of regulation, Vegas remained (Jan. -3-1) with 21 points in first place in the West Division Colorado (8-4-1) is with 17 P. unkten in third place MacKinnon just scored his second career goal in 10 games against Golden Knights, his first at the T-Mobile Arena in Vegas, when he shot Mikko Rantanen’s pass to the spot past Fleury.As in the first of the teams’ four games, A 1-0 defeat on Sunday, the Avalanche seemed to be the more efficient team on both ends, controlling the pace and even overtaking the Knights 9-7 in the first half after the last 6:03 without a shot in the meantime Vegas tried hard to find its rhythm The chemistry was disrupted by early penalties and skating six of the first 20 minutes, Pacioretty, who scored Vegas’ only goal in the first encounter, tied the game off his familiar spot on the ice and shot a shot in the wrist from above The right circle It was the fifth time in the last eight games that Vegas had scored at least one power play goal. Saad responded 63 seconds later, running from the bottom of the left circle to the crease and slipping a backhand through Fleury’s pads to give Colorado another one With Grubauer flat on his stomach and in front of the post, Marchessault knotted the game 2-0 in the third half when he turned a backhand through three Avalanche players to the top of the net.It was only the second 5 – vs-5 goal for Vegas over a whopping 229 minutes and 53 seconds in five games What’s next? The teams play the third of their four games at Lake Tahoe on Saturday before playing the final in Denver on February 22 ___ More AP NHL coverage: https: // apnewscom / hub / NHL and https: // twittercom / AP_Sports WG Ramirez, The Associated Press

Rio Tinto reported its best full-year result since 2011 on Wednesday, declaring a record dividend as iron ore prices soared due to strong demand from China’s aggressive infrastructure investments.China’s infrastructure focus brought steel product imports to a record high in 2020 and led to one Price jump of more than 50% while miners are now poised to benefit from an expected global economic recovery through the introduction of vaccines “The COVID-19 pandemic had mixed effects on iron ore demand in 2020, with solid growth in China Imports could more than offset the contractions in all other regions, “said the company

The universe of exchange-traded funds has grown into a multi-trillion industry, where most of the money is passively invested in various stock indices. Recently, active ETF pioneer ARK Invest and its chief investment officer Cathie Wood have had a Focused on staggering performance for the fund company’s five top performing ETFs The report spanned 15 different topics that Wood and her fund company focused on, from electric vehicles and 3D printing to next-generation gene therapy and digital wallets

Viewers are expected to return to the Australian Open with a successful five-day lockdown to control coronavirus cases in Melbourne

Crown Resorts Has To Face An Inquiry At WA Casino As Pressure Increases On More Directors To Resign The inquiry made after the state casino regulator was put aside after reports he went fishing with Crown staff posed

Faf took over the captain of AB de Villiers in 2016 and led South Africa in 36 tests

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AB de Villiers is one of the greatest batsmen in the history of the game. He had an excellent record in test cricket and ODIs and was also a very destructive batsman in the shortest version of the game. AB scored 8,765 runs in 114 tests with an average of 5066 His exploits included 22 hundreds. He also aggregated 9577 runs in 228 ODIs with a staggering average of 535 and hit rate of 10109 including 25 hundreds

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For Jen Shelstad, the new arcade play area she is staying at at Kamloops Long Term Nursing Home could help ease her boredom amid COVID-19 in Shelstad – with cerebral palsy in his late 30s – and 25 other young adult residents of The Hamlets in Westsyde suggested creating a play area that is expected to be operational by mid-March “It will be nice to actually have something positive [like games] to look forward to and talk about, because last year was so uncertain that it would be nice to be somewhere just to try to forget”It has been for a while,” said Shelstad. Hamlets’ building manager Angie MacKenzie says Shelstad and his young roommates have proactively designed the entertainment space. “Residents are fully involved in designing the space by choosing the color scheme – which they are glowing for Choosing purple and lime green – picking the lighting, the décor of the game consoles and the name of the arcade yourself, “she told Shelley Joyce, the host of CBC’s Daybreak Kamloops, the 162-person care center, which mostly serves seniors, already has 500 US Dollars Spent On Installing A Pac-Man Arcade Game In The Entertainment Area Aim to Buy Three More Similar Machines and Other Games MacKenzie says the younger residents of Hamlets, who have a variety of disabilities ranging from multiple sclerosis, have Ranging to mental disorders, accessibility concerns of typical gambling dens “There are many things that they have to ask themselves before they can just go out and go to an arcade and have some fun, “said MacKenzie.” To be able to bring this [arcade game center] into our house is an incredible opportunity for them to have the in-house games will not only be accessible to wheelchair users, but also to people with sensory problems. “We will be able to have fun and make it nice and loud and pop, but we will have the option to use the lighting to make this sound down”, she said MacKenzie believes the gaming facilities would help improve the mental wellbeing of the younger residents “We are so focused on keeping the physical safety of our residents during this pandemic, but we also learned that the mental one during this pandemic.” Health is just as important, “she said.” By creating this gambling hall they are getting an additional opportunity to be independent Have fun with each other, “MacKenzie says the Hamlets housekeepers often disinfect their own furniture and appliances by 10 p.m. daily. The nursing home will shortly be asking the local community to vote on the names the young residents will propose for the arcade game room which will be open to the general public after the pandemic ends. “As soon as we are out of the pandemic, we would like to open it up to the community and hold youth groups and birthday parties,” said MacKenzie. The hamlets in Westsyde were partially closed in November After a staff member tested positive for COVID-19 but the outbreak has since been declared over, tap the link below to hear Angie MacKenzie’s interview on Daybreak Kamloops:

Ma Xiaolin wrote frequently on current affairs on one of China’s leading microblogging sites with 2 million followers, “As an international affairs researcher and columnist, my only choice now is entertainment, food and drink go “, wrote the professor of international relations on 1 January 31 Ma, who frequently reports on developments in the Middle East, is one of many popular influencers who work under the conditions of the heavily censored Chinese internet and find that their language area is shrinking even further with the latest policy changes and a cleanup from the powerful censorship of the country

Zenabis share

World news – CA – HEXO acquires Zenabis in an all-stock deal worth 235 million USD

Source: https://ca.finance.yahoo.com/news/hexo-to-acquire-zenabis-in-235-m-all-stock-deal-172952874.html